241 Southbridge StWorcester, MA 01608

Property Details for 241 Southbridge St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.48 AC

Property size (Sq ft)

14,650 SF

Zone code

MG-2

Property type

Turn key restaurants

APN

WORC M:03 B:004 L:00003

APU

WORCM03B004L00003

Description

This exceptional redevelopment opportunity presents a 15,000 square foot, two-story building situated on a 2.07-acre site in Worcester, Massachusetts. The property includes two additional paved, unimproved parcels, totaling approximately 0.48 acres, resulting in roughly 800 feet of combined frontage. All three parcels are under common ownership and are available for sale individually or as an assemblage. The location offers immediate access to the vibrant Canal District and is conveniently within walking distance of Polar Park, home to the Worcester Red Sox. Zoned BG-6.0, this business-friendly commercial zone allows for a diverse range of high-demand uses, including multi-family residential development (with potential for 300+ units), medical facilities, office space, retail establishments, restaurants, entertainment venues, cannabis businesses, and life sciences facilities. This presents a significant upside for investors and developers seeking a prime location in New England's second-largest city. The property's size and zoning flexibility make it an attractive investment for those looking to capitalize on Worcester's growing economy and dynamic urban landscape. The combined acreage and extensive frontage provide ample space for a large-scale development project. The proximity to Polar Park and the Canal District further enhances the property's desirability and potential for high returns.

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2558

Longitude

-71.8058

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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